Accounting Today

AUGUST 14, 2024

A new study reveals increases in both local and new tax rates across the country, highlighting an urgent need for revenue at the municipal level.

Tax 331

Tax 331

Accounting Department

AUGUST 14, 2024

In today's competitive landscape, small and medium-sized businesses (SMBs) need every advantage they can get to thrive and grow. One powerful tool that can significantly impact a company's bottom line is forecasting.

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Outsourced Bookkeeping Bookkeeping Services Bookkeeping Accounting 245

Accounting Today

AUGUST 14, 2024

The CPA certification is the third-most valued credential for CFO roles, according to a report by the Pennsylvania Institute of CPAs.

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CPA Accounting Accounting 325

Xero

AUGUST 14, 2024

The way we pay for products and services is changing faster than ever, and as a small business owner it’s important to keep up with these shifts to meet customer expectations. As payment trends evolve, you need to have all the facts so that you can get paid as fast as possible. So we asked consumers, ‘How do you want to pay?’ and delved into what options small businesses were offering today as well as the administrative challenges of paying suppliers.

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XERO Collections Billing Invoicing 196

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

Accounting Today

AUGUST 14, 2024

Everyone in the state who was affected by the storm now has until Feb. 3 to file and pay.

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Tax 312

Ace Cloud Hosting

AUGUST 14, 2024

Billing software has become a necessity and around 58% of accountants use accounting software to meet their client’s needs. The accounting profession is rapidly evolving, and staying in a competitive.

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Billing Accounting Accounting Accounting Software 105

Accounting Tools

AUGUST 14, 2024

What is a Business Combination? A business combination is a transaction in which the acquirer obtains control of another business (the acquiree ). Business combinations are a common way for companies to grow in size, rather than growing through organic (internal) activities. Combinations can be used to rapidly acquire market share, fill out product lines , and gain access to new markets.

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Financial Statements CPA Accounting Accounting 98

Accounting Today

AUGUST 14, 2024

First understand how things get done at your firm. Who needs to give a green light for an initiative to move ahead?

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200

Accounting Tools

AUGUST 14, 2024

How to Account for Fair Value Fair value accounting uses current market values as the basis for recognizing certain assets and liabilities. Fair value is the estimated price at which an asset can be sold or a liability settled in an orderly transaction to a third party under current market conditions. This definition includes the concepts noted below: Current market conditions.

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Accounting Accounting 75

Accounting Today

AUGUST 14, 2024

The International Public Sector Accounting Standards Board has proposed an update to its rules for first-time adoption of accrual basis International Public Sector Accounting Standards.

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Accruals Accounting Accounting 195

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Collections

Accounting Tools

AUGUST 14, 2024

What is a Bank Reconciliation? A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of your version of the cash records is known as the book balance , while the bank's version is called the bank balance. Why Conduct a Bank Reconciliation?

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Bank Reconciliation Deposits Reconciling Auditing 75

Accounting Today

AUGUST 14, 2024

Sukhinder Singh Cassidy, CEO of Xero, outlined her "Win On Purpose" strategy, which involves a focus on accounting, payments and payroll in the US, UK and Australian markets.

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XERO Payroll Accounting Accounting 189

Accounting Tools

AUGUST 14, 2024

What is an Accrual? An accrual allows a business to record expenses and revenues for which it expects to expend cash or receive cash, respectively, in a future period. It is an essential element of the accrual basis of accounting. It is nearly impossible to generate financial statements without using accruals, unless the cash basis of accounting is used.

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Accruals Accounting Software Accounts Payable Accounts Payable 75

Accounting Today

AUGUST 14, 2024

Accountants play a crucial role in guiding our clients through some of their most stressful moments — the challenges of growth and the complexities of the acquisition process.

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Accounting Accounting 189

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Accounts Payable

Insightful Accountant

AUGUST 14, 2024

Recent Supreme Court decisions have sent shockwaves through the accounting profession, particularly in the realm of tax law. These changes introduce a level of uncertainty that may make many tax professionals uncomfortable.

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Tax Accounting Accounting 59

Accounting Today

AUGUST 14, 2024

Advent International, a global private equity investment firm, has acquired a majority stake in Syspro, a provider of ERP systems that employs 400 people globally.

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145

Less Accounting

AUGUST 14, 2024

In the ever-evolving landscape of business operations, bookkeeping stands as a fundamental pillar for small businesses. As technology continues to advance and market dynamics shift, the role of bookkeeping is undergoing a transformation. In this article, we’ll explore the emerging trends and technologies shaping the future of bookkeeping and why small businesses should embrace them.

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Bookkeeping Virtual Bookkeeping Data Entry Bookkeeping Services 59

Economize

AUGUST 14, 2024

Importance of Monitoring AWS Costs Cost monitoring is fundamental for ensuring that your operations remain within budget while avoiding unexpected costs. This involves routine checks and analyses to align cloud spending with strategic business objectives, which aids in better financial and operational efficiency.

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Billing Budgeting Computation 59

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Accounting

Jetpack Workflow

AUGUST 14, 2024

Podcast Summary In this episode of the Growing Your Firm podcast, host David Cristello, founder and CEO of Jetpack Workflow , welcomes Laurence Whittam , the Managing Director at Impact Global Solutions. Laurence specializes in helping CPA firms build successful outsourced teams. The discussion delves into the evolving landscape of the industry, where the challenge is no longer about finding talent but selecting the right fit for each firm.

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CPA Accounting Accounting Auditing 52

Insightful Accountant

AUGUST 14, 2024

As part of our continuing coverage of various General Ledgers that might substitute for QuickBooks Pro-plus and Premier-plus Desktop, we are exploring a new functionality being offered by Xero, their 'Inventory Plus' option.

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XERO General Ledger QuickBooks 52

Future Firm

AUGUST 14, 2024

Do you know what actually impacts your firm’s value? Discover the 5 key factors buyers consider when determining your firm's worth. The post The 5 Biggest Factors Impacting Your Firm’s Valuation (In Order) appeared first on Future Firm.

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Accounting Accounting 52

Insightful Accountant

AUGUST 14, 2024

Xero study reveals 44% of owners figure out financial matters on their own, with nearly the same proportion facing fiscal challenges.

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XERO 52

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

Payroll

finout

AUGUST 14, 2024

Amazon SageMaker is a comprehensive machine-learning service designed to simplify the process of building, training, and deploying machine-learning models. It provides essential tools and capabilities that enable organizations to efficiently manage their ML workflows. As businesses increasingly adopt machine learning to gain insights and improve operations, SageMaker's integration with advanced AI features positions it as a key enabler of these transformations.

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52

Insightful Accountant

AUGUST 14, 2024

Irana Wasti of BILL discusses how the economic volatilities of the past few years have been challenging for finance teams, with inflation and uncertainty driving efficiency pressures and creating cash flow concerns for some businesses.

Billing 52

Billing 52

Accounting Tools

AUGUST 14, 2024

What is the Modified Cash Basis of Accounting? The modified cash basis of accounting uses elements of both the cash basis and accrual basis of accounting. In essence, the modified cash basis uses the cash basis of accounting, with accrual adjustments added to it. Under the cash basis, you recognize a transaction when there is either incoming cash or outgoing cash; thus, the receipt of cash from a customer triggers the recordation of revenue , while the payment of a supplier triggers the recordat

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Accruals Financial Statements Accounting Accounting 40

Insightful Accountant

AUGUST 14, 2024

With GenAI-powered tools combined with advances in mobile tech, Xero is changing how small businesses do accounting.

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XERO Accounting Accounting 52

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Nanonets

AUGUST 14, 2024

In the AI space, where technological development is happening at a rapid pace, Retrieval Augmented Generation, or RAG, is a game-changer. But what is RAG, and why does it hold such importance in the present AI and natural language processing (NLP) world? Before answering that question, let's briefly talk about Large Language Models (LLMs). LLMs, like GPT-3, are AI bots that can generate coherent and relevant text.

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Computation Financial Reporting 40

Insightful Accountant

AUGUST 14, 2024

Xero study reveals 39% of U.S.

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XERO Accounting Accounting 52

Xero

AUGUST 14, 2024

Running a small business in the US or Canada comes with its fair share of unique challenges. That’s why Xero has been doubling down on building out our product capabilities for the unique needs of this region. Today, on stage at Xerocon Nashville, I was very excited to unveil the huge number of improvements Xero has made to make things easier for small businesses and their advisors.

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XERO 1099 Preparation General Ledger Bank Reconciliation 241